EU seeks tougher checks on foreign buying of European firms

The Europe Union will seek tougher checks on foreign state-owned or state-backed companies buying European firms to prevent the use of unfair subsidies, the EU antitrust chief said on Tuesday, the latest move to increase protection. The bloc’s protectionist trend has accelerated as it strives to create European industrial champions and because of concerns wealthy […]

COVID-19: Vietnam’s richest man has a plan to save the virus-stricken world

The coronavirus pandemic largely leapfrogged Vietnam”-the country has reported just 332 cases and no deaths”-but from his sprawling headquarters in Hanoi, billionaire Pham Nhat Vuong could see a need beyond the border. In April, the country’s richest man surveyed his cradle-to-grave conglomerate and made a decision. He was getting into ventilators. In the worst cases […]